Student Loan Borrower Information

As the borrower of student loans, it’s important that you are knowledgeable about the types of loans you have, the amounts you have borrowed and how much you will have to pay back after you leave college.

You may have Federal Direct , Federal Perkins loans or Private/Alternative (non-federal) student loans by the time you have graduated.

Federal Direct Loan Information

The U.S. Department of Education's National Student Loan Data System (NSLDS) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. To access NSLDS, go to www.nslds.ed.gov and click on “Financial Aid Review.”

Dependent Students (except students whose parents are unable to obtain a PLUS loan)

Independent Students (and dependent undergraduate students whose parents are unable to obtain a PLUS loan)

Grade Level 1

(0—27 earned credit hours)

$5,500 (No more than $3,500 of this amount may be in subsidized loans.)*

$9,500 (No more than $3,500 of this amount may be in subsidized loans.)*

Grade Level 2

(28—59 earned credit hours)

$6,500 (No more than $4,500 of this amount may be in subsidized loans.)*

$10,500 (No more than $4,500 of this amount may be in subsidized loans.)*

Grade Level 3 and above

(60+ earned credit hours)

$7,500 per year (No more than $5,500 of this amount may be in subsidized loans.)*

$12,500 per year (No more than $5,500 of this amount may be in subsidized loans.)*

Graduate/Professional Degree Students

Not Applicable

$20,500

Maximum Total Debt from Subsidized and Unsubsidized Loans

$31,000 (No more than $23,000 of this amount may be in subsidized loans.)*

$57,500 for undergraduates (No more than $23,000 of this amount may be in subsidized loans)*

$138,500 for graduate or professional students (No more than $65,500 of this amount may be in subsidized loans.) The graduate debt limit includes all federal loans received for undergraduate study.

All federal Perkins loans at Notre Dame College are serviced by University Accounting Service (UAS). UAS has been hired by the college to work with you to handle the Perkins loan repayment process. Their website is located at https://www.uaservice.com/Index.html.

Any alternative loans you borrow as a student will not be included on the NSLDS website. You may view a list of your alternative loans through your credit report. You may request a free credit report every 12 months.

Many companies claim to offer free credit reports, and some do. But others give you a report only if you buy other products or services. AnnualCreditReport.com is the only website authorized by the FTC (Federal Trade Commission) to give you a free credit report without any hidden fees or purchasing requirements.